The Tax World Responds To The Supreme Court Decision In Moore [Forbes]
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Source: Forbes
Taxpayers and tax professionals had a lot to say after the Supreme Court ruling in Moore. The ink was barely dry on the Supreme Court decision in Moore before taxpayers, tax policy groups, and tax professionals began weighing in—and for good reason. A case challenging the 2017 law requiring companies to pay tax on previously untaxed foreign profits—the Mandatory Repatriation Tax (MRT)—had the potential to shake up the tax world. But, in a closely watched case, a divided Supreme Court ruled, 7-2, that the MRT does not exceed Congress's constitutional authority. (You can read more about the ruling From policy watchers to tax attorneys and accountants, responses were swift. Follows are some of the notable responses to the ruling. Tax Law Center Chye-Ching Huang, Executive Director of the Tax Law Center at NYU Law, issued the following statement: “The Supreme Court heeded the warnings of a broad and bipartisan set of tax experts and roundly rejected the Moores' radical theory
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